However, Trump's statement means Apple might escape from extra manufacturing costs. The move is seen as a retaliatory move against the Chinese government over a failed trade deal.

Cook and Trump had dinner on Friday night, while the president was at his golf club in Bedminster, New Jersey.

US President Donald Trump is prepared to make the hard decisions in the country's trade spat with China.

The 10% tariff on goods imported from China is one of Trump's bargaining chips in the trade war. "And one of the things, and he made a good case, is that Samsung is their number one competitor, and Samsung is not paying tariffs because they're based in South Korea".

Apple iPhones would be around $100 more expensive in the United States once new 10 per cent tariff on $300 billion in goods imported from China comes into place from September 1. He lives somewhere in the deep Southern part of America, and yes, he has to pump in both sunshine and the Internet. "The Chinese producers we compete with in global markets do not have a significant presence in the USA market, and so would not be impacted by USA tariffs". More specifically, the new tariffs would affect products like the iPhone, iPad, Macs, as well as Apple Watches, AirPods, and other accessories.

Trump pushed back on media reports this weekend that the Commerce Department is poised, as soon as Monday, to renew Huawei Technologies Co.'s temporary general license to buy supplies for the U.S. "Huawei is a company that we may not do business with at all", Trump said, calling the Chinese company a "national security threat".

"We urge the USA government not to impose tariffs on these products", said Cook. "They will be spending vast sums of money in the U.S. Great!"

While the tariffs are not yet in effect, they are expected to come into effect by December this year. This could benefit many US companies, among which Apple, as the company prepares to announce its 2019 iPhone line-up on September 10.

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